Schlumberger posts £314 million profit in second quarter
Schlumberger turned a profit in the second quarter as drilling activity continued to rebound from the pandemic-driven oil bust.
Schlumberger
IOG shares drop as firm warns Elgood might produce less gas than first thought
Shares in IOG dropped by more than 10% this morning after the firm warned recovery from its Elgood gas field might not live up to expectations.
Tech companies join programme to drive culture change in traditional energy firms
Fifteen digital technology companies have begun a 12 month programme working with major players from across the energy industry to drive culture change in one of the UK’s largest industrial sectors.
Schlumberger and Halliburton win big as ADNOC dishes out $764million unified contract
ADNOC has dished out a unified drilling contract worth $763.7million, with Schlumberger and Halliburton landing sizeable shares.
TotalEnergies dishes out Tilenga work
Total E&P Uganda has signed conditional letters of award for surface facilities and drilling packages under its Tilenga project, in western Uganda.
Sound buys out Schlumberger in Morocco deal
Sound Energy is buying out partner Schlumberger from its position in shared eastern Moroccan acreage.
Schlumberger rolls out digital solutions for Petronas
Oilfield services and technology company Schlumberger has announced an enterprise-scale deployment of advanced digital solutions for Malaysian national oil company (NOC) Petronas, to accelerate the NOC’s field development planning.
ReconAfrica spuds second Namibian well
Reconnaissance Energy Africa has spudded the second well in the Kavango Basin, in northeast Namibia.
Schlumberger-backed Arabian Drilling plans Saudi IPO
Arabian Drilling Co., a Saudi oilfield-services company partly held by Schlumberger NV, is preparing an initial public offering that could give it a valuation of around $2 billion, according to people familiar with the matter.
Schlumberger profits fall 15% year-on-year
Schlumberger first-quarter profits fell 15 percent from a year ago, in large part because it sold several North American businesses during the pandemic.
Plexus banking on higher revenues in second half on back of Spirit deal
Bosses at Plexus said today they were projecting higher revenues in the second half of the wellhead technology firm’s financial year on the back of a deal with Spirit Energy.
Egypt launches round with Schlumberger digital platform
Egypt has launched its first bid round of 2021 and a new digital platform collaboration, with Schlumberger.
North Sea firms see shares jump on oil price rally
North Sea operators including Shell, BP, EnQuest and Premier Oil have all seen their shares jump in light of the oil price rally.
Driller Noble rolls out Aberdeen firm’s app across fleet
Drilling contractor Noble Corporation has rolled out an Aberdeen technology firm’s new safety observation app across its fleet.
Worley job cuts reach 11,400 since start of pandemic
Engineering giant Worley has confirmed its job cuts total since the start of the Covid pandemic has reached 11,400.
Plexus: Bilderbeek weighs fundraising options to ‘extend the runway’ for business
Plexus CEO Ben van Bilderbeek is weighing fundraising options to “extend the runway” for the business, which has been faced with years of losses but may now be on the verge of success.
Schlumberger study brings ‘significant uplift’ to Buchan resources for Jersey
A Schlumberger study has brought a “significant uplift” to resource estimates at the Buchan oilfield in the North Sea, Jersey Oil and Gas (JOG) has announced.
Schlumberger reflects on ‘exceptional year’ of resilience after suffering losses of $11bn in 2020
Schlumberger’s chief executive has described 2020 as “an exceptional year of operational resilience” with the firm posting pre-tax losses of $11.2 billion (£8.3bn).
Equinor awards wireline deals to Archer and Altus
Equinor has awarded framework contracts to Altus Intervention and Archer for a range of wireline services on its platforms offshore Norway.
Shell sells OML 17 stake for $533mn
Shell Petroleum Development Co. (SPDC) has sold its 30% stake in OML 17 to TNOG Oil and Gas, for $533 million.
ReconAfrica spuds first Namibia well
Reconnaissance Energy Africa has begun drilling its first well in Namibia’s Kavango Basin.
North Sea firms enjoy share price bump on OPEC deal
North Sea firms ranging from BP to Hurricane Energy have enjoyed share price hikes after a deal was reached by OPEC to curb oil production.
OGUK appoints Schlumberger, Repsol Sinopec and Kellas bosses to board
Oil and Gas UK (OGUK) has brought on bosses at Schlumberger, Repsol Sinopec and Kellas Midstream to its board as it looks ahead to 2021.
Sirte Oil hits 100,000 bpd
Sirte Oil Co. (SOC) has doubled production to 100,000 barrels per day, following work to increase well productivity.
KMS hoping to reap rewards of hefty investment in new kit
Bosses at a north-east precision engineering firm are hoping more oil and gas industry projects kick into gear next year after making hefty investments in new kit.